R3 is excited to announce Dr. Alisa DiCaprio as our Chief Economist. Read the full announcement here.



Discover how R3 is leading digital transformation in GovTech.

Blockchain for government technology / ‘GovTech’

“GovTech” is the term used to refer to technology—including blockchain—for use by public sector institutions. Blockchain technology in government can help build trust, secure data and minimize costs through open, transparent and collaborative networks.

Governments globally struggle with fraud, waste, abuse, and mismanagement of government resources often due to inefficiencies from outdated, disparate or multiple systems. Government pain points include slow, complex real property registers and transfers, limited access to liquidity, significant lags in payments due to reconciliations, and ineffective tracking of procurement goods and services.

Why Corda?


Enables government—local, state, and federal—to become more efficient, responsive, and better able to serve society


Improves the transparency of the entire transaction recording process—including digitally signed agreements and streamlined ID verification


Inform modelling currency on ledger and the impact central bank digital currencies would have on money supply and monetary policy


Provides a single immutable record visible only to counter-parties relevant to a transaction

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